Tuesday, 22 December 2015

Delhi smart city’s major role in an urbanized country!

India is speedily developing into an urban nation. With such scope for growth and such young population exploring new territories and achieving new heights in success, India is being seen as the next superpower for an obvious reason. But, what India is potential of achieving is not really what India will actually achieve. Getting substance to rhetoric is one of the most difficult tasks and also the most significant ones if the much hyped hoopla about India’s potential is anywhere to be accomplished and achieved. For that, great development is required in all fields and the real estate sector stands on the forefront.
For development of any kind, an initiation is requisite and the government of India has done a fine job in focusing on the development of the real estate sector. The government’s best decision was to develop various smart cities across India to enhance the development. But, this initiation needs confidence and belief in order to make it a succession of successes. A benchmark is always requisite whenever something grand is on the cards. The benchmark in this grandeur is undoubtedly Delhi, the capital where one of the proposed 100 smart cities is being developed.

Delhi is the benchmark not because it is the capital, but because it is a place where a lot of redevelopment work is required, just like many cities in India. Due to overpopulation and lack of infrastructure, there are many illegal houses made temporarily and the government plans these smart cities to eradicate that problem. They also want to give people a higher standard of living. But, the question arises if it is possible? Delhi will answer that that’s why it is being viewed as the benchmark. If the smart city idea succeeds in Delhi, the entire country will be raring to build more such cities to solve a lot of problems! 

Friday, 18 December 2015

Cabinet amendments that changed the purview of development

The Union Cabinet recently amended as many as 20 sections of the Real Estate Bill to make it easier for everyone to cope up with some aggressive development projects being conducted in various cities in India. The kind of amendments that have been brought in or are proposed clearly designed to ease off a lot of pressure on the buyers. The purview clearly indicates that the Cabinet was more or less focused on making it easier for the people who will invest in real estate. This decision will certainly encourage more investors and buyers.
In case of the real estate developers, a lot of concessions have been passed along with some restrictions as well. So, it can’t really be assumed that these amendments are completely pro-buyer. More projects can now be a part of the regulators ambit as the cabinet amended the earlier mandatory size of complex from 1000 sq. meters to 500 sq. meters or 8 flats in an area. This will bring in more projects and more development that will include smaller realtors. This decision has been lauded by all as it will not only bring more people involved but it will also give more housing to thousands of more individuals seeking a place to reside.
For buyers-
The formation of a society or association of the residents of a complex must be done within 3 months of giving away possession according to one of the amendment. This will ease people’s hassles as they will govern their own premise without any unnecessary intervention of the builders. Buyers who are not satisfied with their homes or have been under-provided can directly seek justice in the consumer court instead of the real estate regulatory board. This will not only keep builders on their toes to provide the best but it will also give buyers the right to voice their discontent against any unfulfilled promises.
For builders-

Earlier, the builder was liable to pay for any occurrence of damage to the building within two years of construction but now, that has been regulated to 5 years. Any delays or defects must be addressed and the builder must pay the interest of the same, easing it out a bit for the buyer.

Thursday, 10 December 2015

Reasonable costing leads to greater housing!

DDA has done an exceptional job by passing the land pooling policy that has made housing affordable for more strata of the society than before. The land pooling policy will deplete any issues over land distribution and provide constructors with a liberty to plan better structures, better homes and better living. This will be really nice as this liberty will allow them to use their creativity and expertise to create a home or homes that are ecologically sound and not harmful to the Mother Nature. This will certainly raise the standard of living along with the mandatory provision of a healthy life.
The entire smart city at Delhi is built with precise understanding of the location which will facilitate exceptional accessibility and comfort along with convenience to people residing there. Close proximity of each and every possible service that may be requisite for an individual is certainly one of the major assets of a smart city. With that, education, healthcare and other vital services will be a pebble’s throw away from the base. Important highways connecting you to major locations will be nearby and so will be international and domestic airports, train junctions and grounds for recreation purposes.
The best thing is that, such smart cities will be existent all over the country in a few years’ time. The government has promised to create 100 such smart cities and over 75 of them will be in major states that have maximum need for slum redevelopment and homes due to increasing population. There are 12 such major states across India and the people living there will certainly be really in benefit as their problems will be solved in a more than comprehensible manner.
These will also cut the rates down and more people can actually afford high standard homes that match world class standards. The considerably low costs in Delhi are shown in the table given below.

32.87 L
2 BHK + Study
39 L
44.84 L
3 BHK + SQ
51.14 L
60.43 L
4 BHK + SQ
73.30 L

MPD 2021 setting sights on multiple objectives

With the kind of preparation being carried out for building the smart city under the vision and structure of Master Plan Delhi (MDP) 2021, it seems like the project is going to be one of the most ideated and thoughtful plans in the history of long scale development in India. The best thing about MPD is that it has a vision beyond infrastructure. Development in India was strictly limited to physical development and nothing beyond was ever pondered about. Now, with MPD, a metropolis of global standard is being envisioned.
Now, the ecological factor along with traffic management, administrative feasibility, cultural vibrancy, higher standard of living and healthier lifestyle are being aimed at. This is a giant step ahead in a country that believed in physical development alone. The MPD impressively concentrates and stresses on upgrading Delhi by renovating and reconstructing it rather than simply destroying old buildings and erecting newer ones. Slum redevelopment is also being looked upon so there is actually no blind development work that usually spoils an infrastructure. This in fact is reinforcing it and that too in the capital Delhi.
As far as Suryaa Homes is concerned, it has contributed heavily in making the vision of MPD a reality. Through a dedicated group of people who have understood the project, comprehended to its benefits and advantages to the people and also to Delhi, this project has been kick started. It is an opportunity towards a brighter day so we are working tirelessly towards a greater and more viable future. Like MPD’s vision, our aim to be not merely to provide homes to people but it is also to provide them with a living standard that is unprecedented anywhere across India. In a larger perspective, it eventually comes down to raising India’s standard of living as a whole.

Our tireless work is also focused on providing the country a benchmark. We want to develop this estate as a great asset to Delhi, following which many others will try and emulate it. This will certainly raise the bar and will facilitate the construction of many more such cities across India setting the one we are developing as a benchmark! 

Sunday, 6 December 2015

Political parties must unite to implement GST: Mr. Deepak Gupta

Deepak Gupta, the Chairman and Managing Director of Suryaa Homes recently observed that GST is the need of the hour amidst so much economic turbulence both domestically and globally. The Goods and Services tax will be great relief to various strata of the nation according to him. In his view, the government should not delay the passing of the GST bill and must in fact try and accelerate the process. He claims that this speedy implementation will be a perfect catalyst that will neutralize the effects of global economic problems owing to various invasions, wars, terrorist attacks and regional disputes.
It is a simple idea from him that can actually work in favor of both the government and the people. Mr. Gupta said that GST will simplify the complex indirect taxation system which will definitely facilitate easier trade and business for people from various sectors. This simplification in the indirect taxation system will also reduce the cost of production and will also increase efficiency of production. These two factors snowball into lower rates in the market that will certainly roll in the consumer’s favor. With reduced rates, the inflation will go down and the floatation in the exchange of monetary elements will increase.
Mr. Deepak Gupta feels that the parties sitting in the parliament must sort out or simply keep aside all differences and must speed up the implementation of the bill with no further disputes or changes. He said so because the GST has been a long awaited bill and political intervention has always stalled the implementation of the bill. Mr. Gupta urged all the political parties to look at the greater interest of the nation and pass the bill with immediate effect. Once the bill is passed, the pall of gloom that has descended on the global economy in form of various effects on the Indian economy will start clearing up.
He also stated that two major effects of bringing the bill out will strengthen the nation in two major ways. Firstly, he said that with GST upon all indirect taxes, India will grow at a higher rate- which means that the GDP today which piped China will grow at a higher rate. India delivered 1% growth in GDP as compared to the last year and it is assessed that the same can be achieved by next year. But, Deepak Gupta assured that if GST is implemented immediately, in one year, India’s growth will be 50% more, which means that India will grow at 7.8% with 1.5% hike in growth as compared to 2015.

The second major effect would be that the nation will feel morally string as all the parties will set apart their differences and will come on the same page to facilitate a bill that will strengthen the economic backbone of the country. Such events are rare in Indian political history and if that happens, a positive message will certainly be delivered to the masses.